tracy: as the utz still grapples with recent unemployment reports trends are developing. health care law and potential tax increases next year are causing companies to change their hiring plans. liz macdonald with emac's bottom line. >> a bunch of companies breaking out of the gate yesterday. david siegel,,westgate resorts, big-time share company, controversial guy. he helped, basically built

the property down in florida, tens of thousands nicknamed versailles. here is david segal talking about taxes on effect of hiring at hits company. here is david siegel. >> with the new obamacare coming in and now the threat of higher taxes, it just means less money to expand our business. i wanted my employees to be informed as to what the results could be of them both, voting for the wrong candidate. >> more part-time jobs coming into the economy. here is dart den restaurants. considering more part-time jobs to address health reform costs. telling fox business the law is so rigid there is no flexibility in it at all.

hear is the deal, hear is the bottom line. basically the high cost of affordable care. if you work 30 hours a week you are supposed to be getting health insurance. if you go below 30 hours you don't get health insurance. if the company doesn't provide you 30 hours a week, the company pay as fine of 3 tow per worker. the incentive to drop below the 30 hour per week water mark. the problem these companies, restaurants like darden which owns olive garden and longhorn steakhouse, they were providing cheap health care coverage to workers. they were doing that the health reform law struck it out. it obliterated it because they were too cheap. they didn't provide enough in the way of benefits. a lot of high turnover in these industries. they are naturally part-time. we may start to look like japan where 25% of the workforce is part-time. the u.s. is running around 13%. that is the bottom line. tracy: it is more ripple effects from this. ashley: we're hearing about it almost every day now. >> these companies by the

way, got a waiver from health reform to basically say we'll continue with these minimed plans. mcdonald's saying $420 million in costs from health care reform. tracy: liz macdonald. ashley: thank you, emac. as we do every 15 minutes, we're a little late, let's check in with nicole petallides on the floor of the nyse. nicole. >> the dow is down 112 points. i want to look at casual dining stock. yum! brands. we were talking about they reported their water quarterly numbers of at bell. beat the street and expectations. yum! brands is doing well. up 8.25%. they are the parent of kentucky fried chicken, taco bell, pizza hut. they're doing well in the u.s. and talked about china saying china is actually looking good despite the fact of a tough economy over there as well, right pulling back some in china. when i did a comp chart comparing yum brand to darden, which is the parent of olive garden and

red lobster, i was wondering which of the two did better year-to-date. turns out they're both up 20% year-to-date. looks like fast-food is still a hot thing. back to you. ashley: it is a hot thing. nicole, thank you so much. we'll be back. tracy: dorito taco shell. gets you every time. ashley: i'm hungry. >> coming up, lenovo hoping a laptop and tablet will help it take on apple and samsung in the mobile space. president shows us how it works with next. ashley: good stuff. first take a look how the dollar is moving right now against some of these foreign currencies, the euro, the pound. up against the dollar but the canadian dollar, peso down. japanese yen up. mixed picture is what we're seeing. we'll be right back

>> at 20 win minutes past the hour, hello, i'm julie banderas with your fox news minute. turkey's military chief of staff says his troops will respond with greater force if bombs from syria keep hitting his territory. the u.s. sent troops in to build a headquarters in jordan near the border of

syria in the event violence escalates. federal officials are warning car owners about counterfeit airbags that might not inflate in a crash. airbags replaced in last three years. as many as 250,000 vehicles may be affected. >> the spacex cargo shipment arrived at the international space station. this is the first under a contract with nasa. the shipment contains 1,000 pound of groceries, clothing and other gear. those are the news headlines on the fox business network. back to ashley and tracy. ashley: julie banderas, thank you so much. all right. tablets and smartphones have taken a major bite out of the personal computer market. lenovo is fighting back. the world's second biggest pc-maker breaking into the tablet market with four, count them, four devices. they're mix of notebook computer and touch-screen

tablet. they're very cool. we've been playing with one. weapon have the president of lenovo's product group. peter, thank you very much for being here. you have four new products about toe come out? >> yes. ashley: that's a lot. normally companies will bray out their latest product. why four. >> one, we're betting big obviously on windows 8 and its convertable product line as a way to really spark our business. the other side of it is when we looked at it we saw it solved different problems in terms of what users are looking for and expecting. ashley: it is like a laptop. you put in the screen and you can twist it. there are literally new twists an turns in the story. explain. >> i can show you. that is the best way to do it. this is traditional looking laptop. ashley: yeah. >> very thin, state-of-the-art ultrabook class laptop. open it up it is a great laptop. what makes the product special is of course i just turn it over and --. ashley: turn it into a tablet.

>> i turned it into a tablet. that makes the product innovative and different. it provides you ability to not have to choose. going on a tripe or looking around the house, looking facebook. i have to send so-and-so e-mail. i type in a quick e-mail. ashley: as soon as turns into a tablet the keyboard -- >> once you move the screen around and keyboard turns off. so it is very comfortable. >> some of the products they twist on a hinge, correct? >> right. we have another product that twists on the top and you can cover the keyboard with that product. we have another product where you disconnect the tablet part from the base part. the base has big battery. gives you 16 hours of batterry life. ashley: big question, what are the prices? what while they cost. >> 599 from the product that disconnects from the base. this is highest model at 1,000. $800 or so for products in between. ashley: will this appeal to consumers and businesses as well.

>> we built one for business customers. thinkpad business aligns with that. idea products are really aligned with consumers. you will get this product, for instance in, best buy. ashley: we've seen sale of convertable tabbest also dropping off a bit. does that worry you. >> when we look at that market there are disconnect and ripped model. we think this level of integration makes a difference. ashley: you think people pay extra for windows 8 as opposed to apple ipad for 500 bucks. >> we haven't released pricing yet but if you --. ashley: in that range. >> in that range. i think this is very credible product what it brings to the table. ashley: you're very successful in china. almost a third of pc's sold in china are lenovo. it has been a struggle getting market share in the united states. how important is that to you and do you think this will be the game-changer? >> if you look at marketplace we're growing very rapidly compared to the market in the u.s. we're 8% share in the u.s., number four. rapidly growing. fastest of all the majors. we think we can continue that. products like this make that

possible. ashley: when will they be available? >> this particular product announces with windows 8. at end of october 26th specifically. another product does that as well and a couple more coming a couple months later. ashley: congratulations. we wish you best of luck. they're very cool. you will leave that behind for us? >> [laughter]. ashley: thank you. peter, thanks so much for joining us. >> thank you. ashley: really appreciate it. cool stuff. tracy: ipad or laptop conversation. we have breaking news we have to get to. we have an update on cyber attacks on banks. adam shapiro of course covering it. new details. adam, what have you got? >> right the target today suntrust and appears it is al kasam carried through with its threat of denial of service attack at suntrust. suntrust still hasn't commented to fox business other than to say they have taken steps to protect the clients or your deposits at suntrust. but they're telling customers who have trouble logging in. this is quote from one tweet to a customer who is had a

problem, the site is currently up but you may experience intermittent access. we apologize for the inconvenience. if you look at the track record of how these cyber attacks have played out they usually start a few hours before noon. they pick up momentum around this time. it was that capital one, their site was in full-fledged attack. actually you couldn't get in. it would appear that is now happening to suntrust. the group itself, al-kasam they carry out the attack for eight hours and then pull back. tomorrow's target according to the alleged terrorist group is regions financial. they have told fox business they are taking precautions and getting ready for it. but as of right now, all attention on suntrust. suntrust saying the site is currently up. you may experience intermittent access. we apologize for the inconvenience. tracy: adam, thanks for staying on top of all of this. stocks more than doubled from the 2009 lows but way too many investors missed

out pulling billions from the markets. gerri willis is on the story next. ashley: look at some of today's winners and losers. the dow is down 1230 points. we have yum! brands up 8%, beating the street -- 123 points. fedex up 4.75%. we'll be right back.

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ashley: 30 past the hour, let's get a check on the market as we do every quarter of an hour. nicole petallides on the floor of the new york stock exchange. nicole: i am standing here with ben willis. we talk about the market down 116 points. looking in the last break when

tracy and -- they went to break they had the s&p 500 winners who all had headlines. you had wal-mart, what is really going to drive the market to the upside because the names i see that our winners are just winners for a particular reason. speak of the broad market, you have to accept the fact we're in a correction. we need it. when you have a stock like yum should have been enough to move the market. the consumer in the united states and in china a great indicator of things to come. in the meantime if you're a true investor, these are the days you want to buy. you want it when they are coming down. nicole: you mentioned yum brands. the earnings came out, they were great in the states and even said china was looking good despite the tough economy. what is your outlook going forward for earnings season? >> the anticipation, the bar is

set very low. every company that reported last quarter is telling us don't expect much. we had a very negative earnings pre-announcements season, so don't expect much, but that is only adding to the excitement with stories like fedex making those statements, you get those pops. the anticipation as t is to the downside so don't expect reaction to the downside when does happen, protection is for the upside when they improve. tracy: and that is the idea. speaker did not work out. nicole: zero well. back to you. ashley: all right, nicole, thank you so much. iwe will be back in 15 minutes. tracy: one day then will sing for us.

money has a pulled out of the market because we don't trust the stock market. gerri willis is here. we have seen the money coming out of equities mutual funds like somebody opened a window and threw the cash out. >> you would think this would happen after 2008, 2009 when they did not have any money and was worried about thh economy broadly. but no, this thing is gaining momentum, not stopping. yesterday we had the former sec chairman on. he had the longest term as head of the sec, known as an individual investor's chairman. he said look, people see what is going on with insider trading, what is going on with the flash crash and they just don't trust this market. look at these numbers, 138 billion of your dollars coming out of the market since 2009. that is money that would be in stocks. the proportion of americans holding stock mutual funds in 2001 was 53%.

2011, 46%. only 50% of americans say they have trust in the stock market. this is a tragedy, something we need to think about, participants in the market have to think about and correct. ashley: there is question about integrity. a feeling there is some sort of insider knowledge that really does take away what the average investor can get access to, and because of that very leery to put your money in it. the headline has reinforced that fear. >> it is in the best interests of wall street to make sure people feel safe putting their money in. from the perspective of small investors, it is the right thing to do. the returns typically outpace bonds or just about anywhere you can put your money. but it is not just wall street. capital gains and dividends, there is less incentive. all happening at the beginning of the year. tracy: what do we have on the show tonight? >> we have a little bit of this,

and racial discrimination, how people get into college, is it fair, we will have a big debate on that. ashley: very interesting. thank you very much. tracy: watch gerri willis here on the fox business network. ashley: oil ending the day down. a lost of 1% on the day. will we see any relief at the pump anytime soon? don't hold your breath. coming up, jack welch defending his controversial tweet of the job report. dennis kneale has that's next. tracy: and one company wants to make charging your electric car as fast as filling up your gas tank. look at jeff flock, yesterday on the treadmill, today in an electric car. >> i am on electric power.

what if you could charge this electric car, the nissan leaf, just as quickly as you fill up at the gas pump? well, you can. the problem is that technology does not work with the chevy volt. why that is the case. an electric pump. stay tuned.

>> i am robert gray with your fox business brief. the selloff on wall street continues at the federal reserve latest assessment of the u.s. economy. most regions across the country showed moderate growth since the last survey. investors are snapping up shares of the children's play landing a deal with wal-mart to have the products sold in stores this holiday season. and the banking giant ceo jamie dimon says it has lost up to $10 billion in their related litigation and write-downs. now they're facing a civil lawsuit from the new york attorney general. seeking to hold the bank accountable for allegations bear stearns vcs investors on the

mortgage-backed securities. that is the latest from the fox business network giving you the power to prosper.

tracy: the biggest road barack electric car sales is how long they take to charge. but abb group has taken charging time from eight hours down to 15 minutes. jeff flock at the charging station in wisconsin. >> you have to plug in the gas pump. this is a direct current unit. go ahead and plug that in for me. the company is abb, a swiss company. and it is huge, 145,000 employees worldwide. this technology is direct

current as opposed to ac current. >> that is correct. we talked about the difference between the volt and the nissan leaf. the chevy volt is a hybrid vehicle. the chevy volt has a combustion engine onboard whereas the nissan leaf does not put helps to have the d.c. fast charge technology. >> essentially this works on the nissan leaf. it does not work on the volt, why should it not work on all of the technology. u.s. manufacturers not quick to embrace it. >> it is not that they have not been quick to embrace it, the volt specifically from a technology standpoint does not require the use of the fast charge because of the combustion engine. in the future the u.s. and international oem will have them

as well. >> this is only the first fast charge unit for abb, though they have 600 worldwide. it will be a huge market if you can charge it up as quick as you can pump it. a gas tank full. that would make electric cars a whole lot sexier. tracy: you'r you are right, ther hands would not smell like gas. but in new jersey do not have to pump ou our own gas get ashley: which i find very weird. guess what, twitter claiming another victim. relationship between jack welch and "fortune" magazine. dennis kneale coverin cover thiy and joins us now. >> a lot of obama backers are bashing jack welch for requesting the job numbers on twitter, but it turns out some of the most bitter came from a supposedly unbiased magazine that is supposed to know something about business.

time warner's "fortune" magazine. in retaliation, jack welch quit as a columnist. accusing the labor department of mmanipulating jobs numbers. fortune's editor-in-chief leads to the president's defense on msnbc to insist the economy is getting better. unfortunate, a writer did two nasty stories saying he laid off 100,000 people in 20 years. about as much to do with this controversy as the fact they had seen its circulation revenue hit 50% in a decade. welch quitting and going to the "wall street journal" where in an op-ed today he said i was right about the strange jobs report likened the bashing he has received to soviet russia. jack welch coming under fire from economic advisors.

telling elliot spitzer on al gore's current tv that it is absolutely and totally ridiculous that somehow some political people changed the numbers. this is crazy stuff. oh, yeah? none other than the same guy himself questioned the honesty of the job numbers during the bush administration in '03 in "the new york times" writing may have been buying people off the unemployment rolls, the government has cooked the books. thank you for your consistency. tracy: good stuff. really cool. you get to a certain age where i will say anything i want. >> and journalists love it. tracy: it is great. but we have to move on. a quarter until, actually 2:46, time for stocks heading down to nicole petallides on the new york exchange, thank you for hanging out.

nicole: i want to take a look at wal-mart. having an incredible day on wall street. another all-time high for wal-mart 76.81. a few headlines from wal-mart today, they wil will have same-y delivery service, trying it out in several areas, over 4000 stores across the nation. this is something that will allow them to compete even more directly with amazon. the ceo talking about international business that will continue to grow and gaining market share in almost every country that they operate in. back to you. tracy: thank you nicole, we will see you at the top of the hour. ashley: coming up, award-winning actress working to encourage parents to save money for college. we'll have to save a lot, guest next. tracy: first, a look at today's winners and losers on the nasdaq as we head out to break. dollar tree stores up to.5%.

xm radio up 3% right now. we will be right back.

ashley: apple shares up nearly 1% after briefly entering correction territory yesterday. so it's now the time to buy? sandra smith was latest in "the trade." sandra: i don't know what to do with my legs. the desk is too short.

all right, so here is apple, everybody talks about apple because the retail investors are into it, and now the big question is now that his resistance levels you enter correction level, it simply is a selloff of about 10% from their recent highs. apple's recent highs happen to be all-time high hit in september, but it has fallen nearly 10% since then. and a lot of people asking is this it for apple? people wonder about competitio competitions, they messed up the map application. so there are critics weighing in. numerous security analyst weighs in and says as the company predominantly driven by mobile phones and prone to volatility, there is little growth given the single digit earnings growth forecast beyond 2014. but here's the funny thing, even that analyst has a price target of $710 on the stock.

among other analyst, 750, 750, i will tell you what the reason why is. they're concerned about growth, but the stock is still cheap. still just 15, so if you look at the forward earnings, it is still a valuable company. tracy: is this a worry the legacy is coming to and and? sandra: they wondered if he would do the smaller ipad. the holidays will be huge. tracy: no doubt. sandra: and i will figure out what to do with my legs. tracy: you are fine. maybe you should buy some apple stock to pay for college. one program is trying to help. actually helping you save a little bit every day. if you enroll your credit or debit card you can earn cash back and put towards college savings. academy award-winning actress

u.n. goodwill ambassador and mother of four, god bless her soul, mira sorvino teamed up with you promise joining us now. this is a huge issue for a ton of people. you have four kids can be a gun well throughout your lifetime but he still must be a little worried about the cost of college. >> definitely. between now and i just had my baby five months ago and by the time she turns 18 and ready to go to college, college costs will triple. i have four children, so it is time to take my head out of the sand and seriously start thinking about college even though no mommy wants to see her baby leave. tracy: so you teamed up with you promise, which has been around for a while now. remember trying to sign up for it a while back it was almost like we didn't know where the money was going and a lot of concerns that it was just an information gathering, but things have changed, right?

>> it is a great, easy way to save money on purchases you are already going to make. every family will spend $235,000 per child by the age of 17, ordinary living cost, not educational costs. you might as well get cash back on that. by going online and shopping with the online partners or dining out through them or reserving travel through them, you can save up to 10% back which goes into a upromise account they can cut you a check and give you the cash or then decide to open up a college savings account through sallie mae and have your money grow. we were already making these purchases. who arthey're already buying the diapers. tracy: going to macy's and target and home depot. you can have grandma and grandpa sign-up. a percentage goes into this upromise account set aside and you can use it to pay for college, pay off loans. they will just cut you the check

back, doesn't have to go to college? >> you can get the cash back if you want, but the idea is, the slogan of the campaign is you made a promise, keep that pledge. thing forward for your children's future because college is so important, college education, a higher degree is so important today. your 50% more likely to be employed if you have a college degree than those who do not have a college degree and on average you will earn a million dollars more in your lifetime than somebody who doesn't have one. it is a great initiative where they will get one free ride to college. tracy: if you go up and sign up on the website. go on the website, sign up, you will be eligible for tuition. you and i put a lot of weight on our college degrees, so hope the rest of the world does. upromise.com.

mira sorvino, thank you for taking the time to join us. congratulations on your fourth. >> thank you very much. tracy: you have had four kids, you know. ashley: cheryl casone will go through the last hour of trading, and i will be joining cheryl with our guest. chairman of the athens stock exchange did find out why he says the greek market holds benefits for investors despite the economic crisis. stay with us. [ mujahid ] there was a little bit of trepidation,

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